Macron beats Le Pen, but without growth the extremes will be back

WSJ/05-08-17

French voters chose a centrist reformer over the nationalist right on Sunday by electing Emmanuel Macron as their next President. The question now is whether Mr. Macron can deliver on his promise to reform France’s sclerotic economy and diminish the Islamist terror threat.

Mr. Macron’s decisive victory is as much a rejection of the far-right National Front as an endorsement of his platform.

…Mr. Macron’s ability to push reform will depend on the strength of the parliamentary coalition he can assemble. If En Marche! fails to win a majority in June’s parliamentary vote, he should hope the Republicans do. One way to set the tone for the June vote would be to invite Republican heavyweights to join the Macron cabinet.

…The French center held, barely. If Mr. Macron fails to deliver faster growth, France may not be so lucky the next time.

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